$499,999
FOR SALE

Triplex 2-Storey

Bedrooms: 3Bathrooms: 3Lot: 58.5 x 83.5 ft
2025 Taxes: $2,394

23 Barnes St
St. Thomas, ON N5R 2V4 | Elgin

An exceptional opportunity to own a well-maintained and extensively updated triplex offering strong income potential and long-term investment stability. This property features three self-contained 1-bedroom units, private outdoor spaces, and numerous capital improvements throughout. Unit 1 - (Main Floor) Front Bright and inviting 1-bedroom unit featuring a covered front porch. Long-term month-to-month tenant currently paying $698/month + hydro. Unit 2 - (Upper Unit) 1-bedroom unit with a private balcony. Currently leased at $1,035.32/month + hydro. Unit 3 - (Main Floor Back) Fully renovated in 2023 with a modern open-concept layout, this stylish 1-bedroom unit includes a covered porch and large private rear deck. Currently vacant, providing an excellent opportunity to set market rent or occupy yourself. Additional income is generated through a coin-operated washer and dryer installed in 2021, averaging approximately $800-$1,000 annually. Recent Updates Include: Shingles (2019), Main porch railing (2020), Front door with keyless entry (2020), Most windows replaced, Main floor front unit renovation (2020), including flooring, paint, trim, and bathroom updates, Upper unit flooring updates (2021), New furnace with dual heat control (November 2021), Owned water heaters. This property also offers two driveways with parking for three vehicles. Covered porches and private outdoor areas enhancing tenant appeal and overall value. A turnkey addition to any investment portfolio with reliable rental income, quality tenants, and significant recent improvements.
Extras
Water Heater Owned
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Listed By BLUE FOREST REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X13109596
Last Updated May 11, 2026
Property Summary
Property Type Triplex

More like this:
PIN 352130087
Legal Description PT LT 34-35 PL 76 ST. THOMAS AS IN E419664; ST. THOMAS
Possession Date 30 DAYS AFTER CLOSING
Taxes (2025) $2,394
Directions/Cross Streets WELLINGTON AND PRINCESS
Neighbourhood St. Thomas
Area Elgin
Price History

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Detailed Information
Fronting On North
Special Designations Unknown
Bedrooms 3
Bathrooms 3
Lot 58.5 x 83.5 ft
Exterior Vinyl Siding
Air Conditioning Central Air, Wall Unit(s)
Family Room Y
Basement Separate Entrance
Garage Type None
Parking Spaces 3
Heat Source Gas
Heat Type Forced Air
Sewers Sewer

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